David Baazov, the head honcho of Amaya, has refuted all allegations leveled against him by the Autorité des marchés financiers (AMF), Quebec’s financial markets watchdog.
The AMF, Quebec’s securities regulator, filed 23 accusations against Baazov in March, accusing him of “insider trading, influencing or attempting to influence the market value of Amaya’s securities while in possession of inside information, and disseminating inside information.”
All of these accusations are linked to an insider trading probe that was initiated following Amaya’s acquisition of PokerStars in 2014.
Baazov declared last month that he would voluntarily step down from his role at Amaya while the case is being heard.
Baazov stated at the time: “I believe that stepping down in the short term will help avoid distractions for the company and its leadership, while I actively defend all charges against me and continue my bid to acquire the company.”
Related news: Amaya CEO Baazov to take voluntary leave of absence.
